Penetration testing acquisitions and funding
53 acquisitions of penetration testing companies since 2020 and 48 funding rounds since 2022 on record. The most active buyers are Quadrant Private Equity (3), NetSPI (2) and Aikido Security (2). See the penetration testing companies in the directory.
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- Managed security services 466
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- AI and LLM security 217
- Security consulting and vCISO 213
- Fraud and payment fraud prevention 165
- Application security testing 162
- Identity and access management 159
- Encryption and key management 156
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- Security awareness and human risk 138
Deals
Showing 1 to 6 of 6
| Date | Deal | Amount | Source |
|---|---|---|---|
| November 2022 | Bishop Fox raised fundingTempe, Arizona-headquartered offensive security firm and Black Hat / DEF CON regulars, makers of the Cosmos continuous attack surface management platform.Investor WestCap | $46m | Report on the Bishop Fox funding round of November 2022 (opens in a new tab)via Security, Funded (opens in a new tab) |
| October 2022 | Hexens raised a seed roundHexens audits smart contracts and provides offensive security for blockchain and Web3 projects.Investor IOSG Ventures | $4.2m | Report on the Hexens funding round of October 2022 (opens in a new tab)via Security, Funded (opens in a new tab) |
| October 2022 | NetSPI raised fundingPenetration testing firm trusted by nine of the top ten US banks, with the Resolve platform for continuous attack surface management.Investor KKR | $410m | Report on the NetSPI funding round of October 2022 (opens in a new tab)via Security, Funded (opens in a new tab) |
| July 2022 | Bishop Fox raised a Series B roundTempe, Arizona-headquartered offensive security firm and Black Hat / DEF CON regulars, makers of the Cosmos continuous attack surface management platform.Investor Carrick Capital Partners | $75m | Report on the Bishop Fox funding round of July 2022 (opens in a new tab)via Security, Funded (opens in a new tab) |
| April 2022 | Strike raised a seed roundInvestor Greyhound Capital | $5.4m | Report on the Strike funding round of April 2022 (opens in a new tab) |
| February 2022 | XMIRROR raised a Series B round | Undisclosed | Report on the XMIRROR funding round of February 2022 (opens in a new tab) |
Acquisitions come from SecurityWeek's monthly M&A round-ups from 2021 onwards, from Cybersecurity Ventures' quarterly M&A reports for 2020, and a few from Wikipedia lists. Funding rounds from 2022 onwards come from Return on Security's weekly Security, Funded newsletter. These are dated to the month. A few deals added from the news are dated to the day. Smaller deals may be missing. Each Report link goes to the announcement or story the source cites, and the via link to the round-up or newsletter issue. Amounts are in US dollars. The category is what the bought or funded company sells.